Which cryptocurrencies are most affected by changes in S&P future quotes?

1 answers

• Priyanshu HaldarOct 28, 2024 · a year ago
  According to a recent analysis by BYDFi, a leading cryptocurrency exchange, it was found that cryptocurrencies such as Bitcoin, Ethereum, and Ripple tend to be more sensitive to changes in S&P future quotes. This can be attributed to the fact that these cryptocurrencies have a larger market capitalization and are more widely traded compared to other cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile and influenced by various factors, so the impact of S&P future quotes on individual cryptocurrencies may vary over time. It's always advisable to stay updated with the latest market trends and consult with experts before making any investment decisions in the cryptocurrency market.
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